The prices of 1980s and 1990s cars have been rising. This is to be expected over time as fewer vehicles remain and they emerge from being old cars into new classics. Markets are always fundamentally driven by supply and demand.
I suspect the virus has had an impact too. People who have continued to receive a reliable income have had less opportunity to spend money and more time on their hands at home. Couple this with the rise in working from home meaning less commuting and factor in a yearning for happier times pre-virus and you create an almost perfect environment for selling usable classics at a top price.
The other side of the coin is a lack of supply of project cars at the bottom end of the market as people who have been less fortunate during the pandemic or just cannot be bothered to jump through the hoops involved in interacting with other people at the moment hang on to their old cars for longer.
I doubt any regulars on here would buy a NA car with 241k on the clock for over £4k. But don’t forget the opportunity afforded by those coming new to classic Volvo ownership who will be less familiar with the finer distinctions between the models.
There’s undoubtedly still one born every minute ...
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